Renforth Resources

Renforth Resources

A New District Scale Battery Metals Discovery in Quebec Backed by the Parbec Gold Deposit

This Renforth Resources profile is part of a paid investor education campaign.*



With the global community heavily focused on clean energy initiatives and achieving net zero emissions, it’s safe to say demand for the battery minerals and rare earth metals required to enable this trend will increase. The International Energy Agency (IEA) reported that demand for critical minerals could potentially increase 600 percent by 2040 for the energy sector alone and up to 1,100 percent in electric vehicle and energy grid storage solution production.

Minerals essential for clean energy and electric vehicles, including but not limited to lithium and cobalt, are highly concentrated in a short list of countries. The top three producing nations for these minerals account for more than 75 percent of the supply, paving the way for potential supply chain issues, price swings, and shortages.

Canada’s Quebec produces one fifth of Canada’s mining output and is one of the nation’s most diverse regions when it comes to minerals. Quebec has and is producing lithium, cobalt and some of the rare earth metals needed for clean energy and electric vehicles. Additionally, Quebec has one of the lowest tax rates for mining companies in North America and has several competitive tax incentives. This region has attracted notable mining, including Endeavor Mining (TSX: EDV), Yamana Gold’s (TSX: YRI, NYSE: AUY) subsidiary Canadian Malartic GP, and Aya Gold & Silver (TSX: AYA).

Renforth Resources (CSE:RFR, OTCQB:RFHRF, FSE:9RR) has a portfolio of mineral properties with the Surimeau District Property - a new battery metals discovery, and its Parbec Gold Deposit, both located near Malartic Quebec and in the heart of the Abitibi Greenstone Belt. With a strong management team and projects with promising results to date, Renforth Resources is in a position to capitalize on the rising demand for the battery minerals required to build electric vehicles and other technologies in support of the clean energy transition.

“The ongoing stream of exploration results from the Surimeau and Parbec properties is contributing a powerful one-two punch combination for Renforth,” according to a report from Smallcaps Investment Research, adding, “Surimeau has already evolved from the concept stage to where it is now positioned as a confirmed battery metals discovery. The structural targets further along strike may yet reveal a very large deposit area. Victoria West presents a high magnitude discovery that will attract a lot of interest as work continues.”

Renforth Resources is strategically positioned to benefit from both rising prices in gold and battery metals. The company is striving to become one of Canada’s largest EV battery metal producers through its Surimeau District property.

Company Highlights

  • Fully funded and asset-rich
  • Renforth Resources offers a powerful “one-two” punch combination when it comes to gold and battery metals.
  • Surimeau is strategically located near Canada’s only copper nickel smelter, and initial results confirm the property contains nickel, copper, zinc, cobalt, PGEs, gold, silver, and lithium.
  • Renforth Resources’ Surimeau District project has already evolved past the initial concept phase and now contains a confirmed battery metal discovery.
  • The company’s Surimeau and Parbec projects are well located, with road access in close proximity to a major geological structure hosting numerous operating mines, developed infrastructure, work to date has established mineralization and indicates significant growth potential.

Key Projects

Surimeau District

The Surimeau District battery minerals prospect is located south of the Cadillac Break and is near the Canadian Malartic Mine. The Surimeau District property has several target areas and locations of interest, such as the Victoria West Prospect and the Huston target, which contain battery minerals, including nickel and copper. The Surimeau property is highly accessible via roads and rail-lines and is in close proximity to Canada’s only copper nickel smelter.

The Surimeau project was first investigated by a team of six experienced geologists in the summer of 2020. Their findings revealed that Surimeau had the potential to be “an exceptional exploration asset.” It shares a border with Canada’s largest open pit gold mine, is within an hour of Canada’s only copper nickel smelter, and hosts nickel, copper, zinc, cobalt, PGEs, gold, and silver on surface and in drill core in multiple locations, as well as lithium.

Project Highlights

  • Trenching Program: Renforth Resources has completed a trenching program that exposed nickel, copper, cobalt and zinc on surface over a 275 meter length between two drill holes at Victoria West in Fall 2021.
  • Drilling Program: The company has completed just over 5000m of drilling, in a 2.2 km strike length with the 6km long mineralized area at Victoria West to further advance its exploration efforts at this property. This target is a promising discovery area and has significant potential to become a nickel rich polymetallic deposit.
  • Summer 2020 Exploration: A team of six industry-leading geologists investigated the property. These investigations revealed that two magnetic anomalies, ~20 and ~30km long in the centre and northern part of the property, coincident with several areas of mineralization on the property, with significant lengths of the anomalies unexplored.
  • Additional Drilling Programs: Three drilling programs were completed in nine months. One drillhole in the second program revealed a 111.05m mineralized interval starting at 57m down the hole, averaging 0.17% Ni and 139.58ppm Co (cobalt) over the entire interval, within which the highest grading sub-interval of 40m assayed 0.22% Ni and 168.98ppm Co, the results for the third program are not yet received.


The 100 percent owned Parbec open pit constrained gold deposit is located on the Cadillac Break, a region known for having produced millions of ounces of gold in northwestern Quebec, bordered by the Canadian Malartic Mine, which is Canada’s largest open pit gold mine on the east and south. The Parbec Gold Deposit is fully funded to date, has developed infrastructure, and is accessible by road.

In addition to an existing historic 43-101 Resoruce Estimate this property has extensive exploration potential and was initially acquired from Globex Mining. The company sees this property as a strategic development candidate going forward.

Project Highlights

  • Funded Exploration: Renforth Resources announced that it had raised nearly $1.4 million to fund further exploration of the Parbec gold deposit and at the Victoria West Prospect, which is part of the Surimeau District Battery Minerals Prospect.
  • Mineral Resource Estimate: A 2020 MRE combined included drill results from Savant, Globex and Renforth’s own drilling over a four year period, including 37 drill holes that all revealed gold, with 80% of the deposit being above a depth of 300m. The deepest pierce point on the property is at 738m, infill drilling is required to bring the deeper gold occurrences into a resource, the deeper mineralization illustrates the potential of the property.
  • Potential Yields: The indicated category of the 2020 MRE contains 104,500 ounces of gold within 1,822,000 tonnes of mineralization, averaging 1.78g/t of gold. Subsequent to this MRE ~15,000m of drilling has been carried out, successfully validating ~13,000m of historical drilling not included in the 2020 MRE.
  • PAR-200-112 Assay Results:Drilled within the recent ~15,000m program, not included in the historic 2020 MRE, was PAR-20-112 which delivered 21.45m of continuous gold mineralization which assayed 5.57 g/t Au.

Management Team

Nicole Brewster - President and CEO

Nicole Brewster ‘s experiences includes as a partner in a successful exploration contracting business which has been active in several countries and on several projects. Those included, amongst many others, supporting and executing the Ring of Fire chromite discovery programs and participating in the re-opening of a mine and associated brownfield exploration in the pyrite belt of southern Spain. Subsequent to becoming President Nicole fixed corporate issues financially and with the Board, consolidated all shareholders (including Nicole), brought the New Alger Property ownership to the 100% level, established the maiden gold resource and sold the property, acquired Nixon-Bartleman, Malartic West and Denain-Pershing (which was subsequently sold), entered into and completed the 100% ownership option on the Parbec Gold Deposit.The Surimeau District Property was acquired via staking and consolidated with the former Malartic West Property. Since assuming the role of President consulting fees associated with Nicole’s management services have been paid after accruing for a length of time with shares rather than cash.

Kyle Appleby - CFO

Renforth benefits from Kyle Appleby’s accounting expertise, supporting the Company’s bear market strategy of minimal fundraising and 100% deployment of funds raised to advance our projects with his detailed financial management skills. Appleby has worked both the audit and the issuer side of the business, concentrating on providing contract CFO services to a number of reporting issuers and private companies and active in the resource, agritech, technology and cannabis spaces with experience in take-overs and amalgamations.

John S. Webster - Independent Director

John Webster (Camborne School of Mines) has an extensive background in mining and ore processing, having built and operated 15 world class mine developments in Australia, USA, Russia and FSU with emphasis on strategies, resourcing, consulting and operational management with BHP, Vostok Mining, Trafigura and Alexander Mining Plc. An Independent Technical Director for Renforth, Webster contributes his highly innovative expertise in mining, construction, processing and environmental management techniques to our exploration strategies.

*Disclaimer: This profile is sponsored by Renforth Resources ( RFR:CC ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Renforth Resources in order to help investors learn more about the company. Renforth Resources is a client of INN. The company's campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Renforth Resources and seek advice from a qualified investment advisor.

to the top